New Era

India’s benchmark’s 34% fall is steepest in 22 years, China’s is presently at 48% which is the worst in almost 12 years. Equity markets of two of the world’s fastest growing economies - china and India - have logged their worst half yearly performance in the past few decades.China is currently facing double digit inflation. As a result of higher capital inflows, a pegged currency and higher investment to GDP ratio, the Chinese economy is badly over heated said the ICICI bank private banking global research head.There are raising issues that the country’s head must take care of those issues.